Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) ...

US fund managers trying to sell ESG strategies just had their worst year ever. According to fresh data provided by Morningstar Inc., US sustainable funds suffered almost $20 billion of net redemptions ...

(k) plans run by money management firms that incorporate environmental, social, and governance (ESG) factors in their ...

Larry Fink had evangelized on the need to use the company’s investing might to force corporations to reduce their carbon ...

The world’s largest asset manager is latest Wall Street firm to quit climate groups.

As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations ...

BlackRock , the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the ...

NZAMI’s suspension follows a mass exodus of U.S. banks from its sister organization, the Net Zero Banking Alliance, or NZBA, ...

Mark Wiedman, one of BlackRock Inc.’s most senior executives and a potential successor to Chief Executive Officer Larry Fink, is leaving the world’s largest asset manager in a shuffle of its top ranks ...

A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its ...

Following a bench trial, Judge O'Connor (N.D. Tex.) held that “that Defendants breached their fiduciary duty by failing to loyally act solely in ...

Explore why major financial firms like BlackRock are retreating from climate commitments amid ESG backlash and political ...